Crain’s Chicago Business has named Michael Arndt its new managing editor, replacing Brandon Copple, who left in June for a similar role at Groupon.com. Arndt most recently was Chicago-based editor for innovation and design coverage at Bloomberg Businessweek, a role he assumed with BusinessWeek before that magazine’s acquisition by Bloomberg last year. A senior correspondent in the Chicago bureau, he also served as editor-in-chief of BW Chicago, BusinessWeek’s experiment with a local monthly supplement, which ended after seven months in June 2008.
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Sep. 2, 2010 at 4:15 p.m.
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Filed under: Advertising/Marketing, Design, Media, Newspapers Michael Arndt named managing editor of Crain’s
Slutzkin new program director at WLS AM
WLS-AM 890 is promoting Tracy Slutzkin from assistant program director to program director, with Drew Hayes remaining the station’s operations director.
Judge names mediator in Tribune Co. bankruptcy
The judge in Tribune Co.’s stalemated bankruptcy case appointed a mediator Wednesday to try to forge a settlement of legal claims stemming from media company’s disastrous 2007 leveraged buyout.
The move comes after a reorganization plan previously filed by Tribune Co. management unraveled in the wake of an independent examiner’s report that supported many of the claims. Get the full story »
Sep. 1, 2010 at 5:36 a.m.
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Filed under: Computers, Consumer electronics, Consumer news, Media, Movies, Radio, Software iPod, Apple TV upgrades expected today
With the unveiling of a new set of Apple Inc. products — likely to include music-related devices, but also the possible major upgrade of a TV gadget — Steve Jobs and company are again poised to cause a stir in the tech world.
Apple watchers are predicting that Chief Executive Jobs, at a company event today in San Francisco, will announce updates to Apple’s lineup of ubiquitous iPod media players, and also changes to its iTunes store to make it more friendly to mobile devices. Get the full story »
Tribune Co. committee to oversee reorganization
The board of directors of bankrupt Tribune Co. formed a special committee to oversee the media company’s contentious reorganization process and to manage any legal claims arising from its 2007 leveraged buyout.
Sources said the step is an effort to remove conflicts of interest from the debtor’s decision making process since some Tribune Co. board members and officers may be the target of buyout-related claims. Get the full story »
Licensing deal to keep AP on Google
Google Inc. will be able to continue posting content from The Associated Press under a new licensing deal the companies announced Monday after months of sometimes thorny negotiations.
The AP said in a statement that the two companies also will work together to improve discovery and distribution of news. Get the full story »
Tribune Co. delays filing amendments to bankruptcy plan
Tribune Co. delayed filing anticipated amendments to its bankruptcy restructuring plan Friday, citing ongoing negotiations with creditors.
A week ago, in the wake of collapsed talks toward a new settlement in the case, Tribune Co. lawyers told a Delaware bankruptcy judge that the company would file plan amendments by Friday and provide suggestions for new schedule for voting and confirmation hearings on the revised plan. Get the full story »
Blockbuster preparing to file bankruptcy
A customer looks at films at a Blockbuster Video store in Los Angeles. (AP Photo/Kevork Djansezian)
After dominating the home video rental business for more than a decade and struggling to survive in recent years against upstarts Netflix and Redbox, Blockbuster Inc. is preparing to file for bankruptcy next month, according to people who have been briefed on the matter.
Executives from Blockbuster and its senior debt holders last week held meetings with the six major movie studios to discuss their intention to enter a “pre-planned” bankruptcy in mid-September, said several people familiar with the situation who requested anonymity due to the sensitivity of ongoing talks. Get the full story »
Govt. wants bond revoked for fraud mastermind
The government is asking a federal court judge to revoke the bond of accused investor David Hernandez, saying he attempted to delay his sentencing by fabricating a letter from a doctor that said he was starting treatment for cancer.
Hernandez pleaded guilty in January to a Ponzi-style scheme that bilked more than 200 people of their savings. The swindle allegedly garnered $6.3 million for Hernandez, which he used to bankroll a now-defunct Chicago sports-talk radio station and other personal purchases.
Federal prosecutors say Hernandez who lives in Downers Grove and is free on bond until a sentencing that could mean up to 14 years in prison — should be locked up because he is a flight risk. Get the full story »
Aug. 26, 2010 at 2:42 p.m.
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Filed under: Advertising/Marketing, Internet, Media, Radio, Sports, TV ESPN, AOL suspend Jay Mariotti after arrest
Former Chicago Sun-Times star sports columnist Jay Mariotti, has not spoken publicly about his weekend arrest in Los Angeles on suspicion of felony domestic assault. And it doesn’t appear he will be saying much of anything on his usual turf, ESPN or AOL’s Fanhouse site, at least for a while.
Mariotti will be sidelined next week from his regular role as panelist on ESPN’s “Around the Horn,” perhaps longer, it was learned Thursday. AOL Fanhouse, for which Mariotti has been a columnist since January 2009, has suspended him pending its own investigation.
Netflix releases long-awaited iPhone app
Netflix iPhone app. (Netflix photo)
Netflix unveiled its long-awaited app for the iPhone on Thursday, sending the company’s shares almost 2 percent higher.
The free app lets Netflix members stream TV episodes and movies to their Apple iPhone or iPod Touch for no additional cost. Get the full story »
Soldier Field to host Oprah’s last show?
Chicago's Soldier Field. (Tribune, file)
Oprah Winfrey said in a TV Guide interview that she is considering holding her final show on network television at Chicago’s Soldier Field, but said it has not been locked in. “You can never count on Chicago weather.” Get the full story>>
Former Indonesian Playboy editor faces jail time
Prosecutors were searching Thursday for the former editor-in-chief of Playboy Indonesia after the highest court sentenced him to two years in prison for publishing pictures of scantily clothed women.
Erwin Arnada was acquitted by the South Jakarta District Court in April 2007, with judges arguing the photos could not be categorized as pornography under the country’s criminal code. The case was appealed to the Supreme Court, which issued a guilty verdict in 2009 but only informed the prosecutors on Wednesday. It was not clear why. Get the full story »
